Foreign Direct Investment to Indonesia Rises 7.8% in Q3
Foreign direct investment (FDI) into Indonesia rose 7.8 percent in the third quarter from a year earlier, in rupiah terms, the country’s investment board said on Thursday (27/10).
There was Rp 99.7 trillion of investment during the July-September period, excluding investment in banking and the oil and gas sector, the board said.
The board said the dollar equivalent for the third quarter FDI was $7.4 billion. In the same period last year, Indonesia attracted $7.4 billion of investment, data showed.
The board uses the exchange rate assumed in the government’s 2016 budget of 13,500 rupiah per dollar for its third quarter calculation. On Thursday, the rupiah traded at 13,025 per dollar at 03:20 GMT.
The biggest beneficiaries of FDI in July-September were the metal and electronic, mining, and property sectors. Singapore was the biggest source of investment.
source: antaranews / reuters